This can tease out transfer entropy but still isn't identifying causal factors.
A common issue you find would be confounding. Then, because you haven't identified the latent connection, you may try to increase level A to have effect on output B, and be disappointed.
This is basically Judea Pearls Book of Why's main hypothesis, that E(Y|X) != E(Y|do(X)), where do(X) is when we modify X somehow.